Nantucket’s thriving short-term rental industry offers benefits in a major source of local tax revenues and income for homeowners, but has attracted blowback in recent years for absentee investors’ role in the residential real estate market.
On a day when the global financial markets took a sharp turn downward on signs of a U.S. economy slowdown, the economists at MassBenchmarks reported the “pleasant surprise” that state economic growth exceeded expectations in the second quarter.
As the urgency for providing inclusive economic growth for all commonwealth residents grows, building on existing programs and partnerships can help us create a stronger entrepreneurial ecosystem.
While office tenants downsize, developers and brokers see a growing source of tenant demand for flex properties including a mix of office, research and light manufacturing space.
A report commissioned by the Healey administration estimates the governor’s $4.1 billion housing bond bill will produce tens of thousands of new homes and generate $24.8 billion in economic activity, roughly 30,000 jobs, and $750 million in state tax revenue over five years.
A study commissioned by the Healey administration, says the governor’s $4.12 billion housing finance and policy bill, and housing-related tax breaks passed last year, will give more than a five-fold boost to the state economy over five years.
Aspiring homebuyers struggling to land a new home – let alone their dream home – and real estate agents and brokers hurting for clients could start to get some relief next year, according to a top housing economist.
The Massachusetts economy keeps driving ahead and that recession out on the horizon doesn’t seem to be getting any closer.
Massachusetts squeaked out a smidgen of economic growth in the first quarter of 2023, slowing substantially from its late 2022 growth rate, and analysts are predicting GDP declines in the second and third quarters.
Black homebuyers receive a record number of home loans in Massachusetts in 2020 but persistent inequalities continued, and advocates say they face a major barrier to understanding why.
Two dueling visions of how the island’s long tradition of vacation rentals should respond to high housing costs and quality-of-life issues will go head to head on May 2.
Economic growth in Massachusetts accelerated from the third to the fourth quarter of 2021, with real gross domestic product increasing at an 8.2 percent annualized rate.
The two large resort-style casinos won approval from state regulators in no small part due to their perceived potential to be engines of economic development. A new study throws doubt on that hope.
A new report from The Boston Foundation and the UMass Donahue Institute is calling for the state rental assistance infrastructure built up during the COVID-19 pandemic to be maintained once the current package of federal COVID aid expires.
The second quarter of 2020 is on track to be the worst for the state economy in the recorded history of Massachusetts and gross state product “may decline on the order of 50 percent,” economists at MassBenchmarks said Tuesday.
After reporting in October that the Massachusetts economy contracted slightly in the third quarter of 2019, economists suggested that Massachusetts GDP actually grew by 2.2 percent between July and September 2019.
The Massachusetts economy contracted slightly in the third quarter, local economists reported Wednesday, the same day that the federal government reported the U.S. economy grew 1.9 percent in the quarter that ended Sept. 30.
